Dollar General

Attractive Cap Rate: List price of $713,514 yielding an attractive 9.25% cap rate.
Built-to-Suit Construction: 9,100 square foot built-to-suit building constructed in 2003 for Dollar General. The building sites on a 1.21 acre parcel including 36 parking spaces.
Below Market Rent: Tenant is currently paying $7.25/square foot in rent. If tenant were to vacate premise, an investor has the opportunity to significantly increase their yield.
Short Lease Term Remaining: ± 0.5 years left on the primary term of the lease including three, 5-year options to extend. The tenant has until 7/2/2026 to notify the landlord if they will be extending the term.
Scheduled Rent Increases: 10% rental increases at the start of each of the tenants three, 5-year options. An investors yield would increase to 10.81% in option 1.
Corporate Guarantee: Strong corporate guaranty from Dollar General Corporation, a Fortune 500 tenant, boasting a BBB credit rating (S&P) and a $28 billion market cap.
NN Lease Structure: NN lease with landlord responsible for roof, lot, structure and HVAC maintenance occurrences above $1,000. The tenant pays in addition to the monthly rent $303/mo in CAM contributions for upkeep with the property.
High Traffic Location: Located along Navarre Parkway, which sees approximately 41,500 vehicles per day, the property benefits from strong visibility and traffic exposure. Navarre Parkway serves as the primary east–west corridor for travel across the Florida Panhandle.
Rapid Population Growth: Navarre, Florida has a population of 40,817 and is expected to experience rapid growth of about 1.46% annually. It is one of northwest Florida’s fastest growing communities.
Proximity to Major Bases: Navarre is home to the Hurlburt Field and Eglin Air Force Base – the largest Air Force base in the free world. Hurlburt field hosts over 7,600 active duty troops and Eglin Air Force Base serves approximately 20,000 personnel.

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Kyle Matthews